General Administration of Customs: China’s Foreign Trade Import and Export Increase by 2.4% in the First October

On November 8, the General Administration of Customs released the latest import and export trade statistics on its website.

China's Foreign Trade Import and Export Increase by 2.4% in the First October
China’s Foreign Trade Import and Export Increase by 2.4% in the First October

Statistics show that in the first 10 months of this year, China’s total import and export value of goods was 25.63 trillion yuan, up 2.4% from the same period last year. Among them, exports reached 13.99 trillion yuan, up 4.9%. Imports were 11.64 trillion yuan, down 0.4%. The trade surplus was 2.35 trillion yuan, up 42.3%.

In October, China’s total import and export value was 2.71 trillion yuan, down 0.5%. Among them, exports reached 1.51 trillion yuan, up 2.1%. Imports were 1.2 trillion yuan, down 3.5%. The trade surplus was 301.28 billion yuan, up 33%.

In dollar terms, in the first 10 months, China’s total import and export value was 3.74 trillion US dollars, down 2.5%. Of this total, exports reached US$ 2.04 trillion, down 0.2%. Imports reached US$ 1.7 trillion, down 5.1%. The trade surplus was 340.29 billion US dollars, up 34.9%.

In October, China’s total import and export value was 383.05 billion US dollars, down 3.4%. Of this, exports reached 212.93 billion US dollars, down 0.9%. Imports totaled 170.12 billion US dollars, down 6.4%. The trade surplus was 42.81 billion US dollars, up 29.8%.

General trade has increased and its proportion has increased. In the first 10 months, China’s general trade import and export reached 15.19 trillion yuan, up 4.8%, accounting for 59.3% of China’s total foreign trade value, up 1.4 percentage points from the same period last year. Among them, exports reached 8.14 trillion yuan, up 8.5%. Imports were 7.05 trillion yuan, up 0.7%. The trade surplus was 1.09 trillion yuan, an increase of 1.2 times. During the same period, the import and export of processing trade was 6.5 trillion yuan, down 4.9%, accounting for 25.3%, down 1.9 percentage points. Of this, exports totaled 4.13 trillion yuan, down 3%. Imports were 2.37 trillion yuan, down 8%. The trade surplus was 1.76 trillion yuan, up 4.5%. In addition, China imported and exported 2.96 trillion yuan in bonded logistics, up 6.8%, accounting for 11.6% of our total foreign trade value. Among them, exports reached 985.08 billion yuan, up 10%. Imports reached 1.98 trillion yuan, up 5.2%.

The growth rate of import and export to major markets such as EU and ASEAN is higher than that of the whole to countries along the “the belt and road initiative”. In the first 10 months, China-EU trade totaled 3.98 trillion yuan, up 8.3%, accounting for 15.5% of my total foreign trade. Among them, exports to the EU totaled 2.42 trillion yuan, up 10.4%. Imports from the EU totaled 1.56 trillion yuan, up 5.1%. The trade surplus with Europe was 866.05 billion yuan, up 21.4%. The total value of trade with ASEAN was 3.54 trillion yuan, up 11.9%, accounting for 13.8% of my total foreign trade value. Among them, exports to ASEAN totaled 1.97 trillion yuan, up 16.1%. Imports from ASEAN totaled 1.57 trillion yuan, up 7%. The trade surplus with ASEAN was 396.12 billion yuan, up 75.4%. The total value of Sino-US trade was 3.07 trillion yuan, down 10.6%, accounting for 12% of my total foreign trade value. Among them, exports to the United States totaled 2.39 trillion yuan, down 6.8%. Imports from the United States totaled 685.74 billion yuan, down 21.5 percent. The trade surplus with the United States was 1.7 trillion yuan, up 0.8%. The total value of Sino-Japanese trade was 1.77 trillion yuan, down 0.4%, accounting for 6.9% of my total foreign trade value. Among them, exports to Japan totaled 807.87 billion yuan, up 2.8%. Imports from Japan totaled 958.63 billion yuan, down 2.9%. The trade deficit with Japan was 150.76 billion yuan, down 25.1%. During the same period, China’s total import and export to countries along the “the belt and road initiative” was 7.47 trillion yuan, up 9.4%, 7 percentage points higher than the overall national growth rate, accounting for 29.1% of China’s total foreign trade value and 1.9 percentage points higher.

The import and export of private enterprises grew rapidly, and their proportion increased. In the first 10 months, private enterprises imported and exported 10.87 trillion yuan, up 10.3%, accounting for 42.4% of our total foreign trade value, up 3 percentage points from the same period last year and becoming the largest foreign trade subject in our country. Among them, exports reached 7.18 trillion yuan, up 12.8%, accounting for 51.3% of the total export value. Imports reached 3.69 trillion yuan, up 5.8%, accounting for 31.7% of the total value of imports. During the same period, the import and export of foreign-invested enterprises reached 10.32 trillion yuan, down 3.4%, accounting for 40.3% of our total foreign trade value. Among them, exports reached 5.48 trillion yuan, down 1.5%. Imports were 4.84 trillion yuan, down 5.4%. In addition, the import and export of state-owned enterprises reached 4.34 trillion yuan, down 1%, accounting for 17% of our total foreign trade value. Among them, exports totaled 1.32 trillion yuan, down 6.1%. Imports were 3.02 trillion yuan, up 1.3%.

Exports of mechanical and electrical products and labor-intensive products have maintained growth. In the first 10 months, China’s exports of mechanical and electrical products totaled 8.15 trillion yuan, up 4.3%, accounting for 58.3% of the total export value. Among them, exports of electrical and electronic products totaled 3.73 trillion yuan, up 5.5%. Machinery and equipment totaled 2.34 trillion yuan, up 1.9%. During the same period, clothing exports totaled 862.41 billion yuan, basically the same as the same period last year. Textiles totaled 681.07 billion yuan, up 5.5%. Furniture reached 298.66 billion yuan, up 6.2%. Footwear reached 268.3 billion yuan, up 5.4%. Plastic products reached 268.08 billion yuan, up 17%. Toys totaled 180.25 billion yuan, up 32.2%. Luggage and bags totaled 152.24 billion yuan, up 5.1%. The above seven categories of labor-intensive products totaled 2.71 trillion yuan, up 6.1%, accounting for 19.4% of the total export value. In addition, steel exports totaled 55.09 million tons, down 5.8 percent. One million cars, up 3%.

Imports of crude oil, coal, natural gas and other commodities increased, while imports of iron ore and soybean decreased. Average import prices of bulk commodities were mixed. In the first 10 months, China imported 415 million tons of crude oil, up 10.5%, and the average import price was 3274.6 yuan per ton, down 3.6%. Coal was 276 million tons, up 9.6%, and the average import price was 535.1 yuan per ton, down 7%. Natural gas was 77.71 million tons, up 7.9%, and the average import price was 29.84.8 yuan per ton, up 11.3%. Iron ore was 877 million tons, down 1.6%, and the average import price was 659.3 yuan per ton, up 43.3%. Soybean 70.69 million tons, down 8.1%, average import price is 2731.6 yuan per ton, down 2.9%; The average import price of primary plastic was 10,000 yuan per ton, down 11.9%. Refined oil was 24.85 million tons, down 9.2%, and the average import price was 3,815.5 yuan per ton, down 2.6%. 9.78 million tons of steel, down 11.9%, and the average import price was 8,084.1 yuan per ton, down 0.9%; Unwrought copper and copper materials totaled 3.97 million tons, down 10%, and the average import price was 45,100 yuan per ton, down 3.3%. In addition, imports of mechanical and electrical products totaled 5.08 trillion yuan, down 4.5%. Among them, 356.21 billion integrated circuits, basically the same as the same period last year, with a value of 1.71 trillion yuan, down 1.9%; There were 840,000 cars, down 12.3% and worth 264.44 billion yuan, down 5.5%.

 

Original Artical,Author:China Trade Agent,if repost,please give references :https://offers-bg.com/import-and-export-increase/

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